Which of the following would not be reported on the statement of financial position as a cash equivalent?
A) Money market funds
B) Commercial paper
C) Treasury bills
D) Restricted cash

Question

Quizplus · Accepted Answer

Restricted cash is cash that is not readily available for use and therefore cannot be considered a cash equivalent. Examples of restricted cash could include security deposits held by landlords or cash set aside for a specific purpose such as a legal settlement or loan covenant.

Which of the Following Would Not Be Reported on the Statement